PSG Financial Services: Recent Episodes
PSG Financial Services
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Busisiwe Mavuso: CEO of Business Leadership South Africa (BLSA)
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Busisiwe Mavuso is the Chief Executive Officer at Business Leadership South Africa (BLSA), Business Unity South Africa (BUSA) and Resultant Finance (a PIC investee company). She was the sole remaining chartered accountant on the Eskom board and chairperson of the two-person finance and investment sub-committee, until she resigned.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Gareth van Onselen: Political strategist
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Gareth van Onselen studied at Wits University, obtaining a master's degree in sociology before entering the world of politics in 2001. Until 2012, he worked for the Democratic Alliance in various capacities, most of which involved communications and political analysis. He then worked for the Sunday Times as a senior reporter and for the Institute of Race Relations as head of politics before joining market research company Victory Research as its CEO in 2019.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they look at Caterpillar Inc.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they look at Meta Platforms.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they look at Absa.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Valdene Reddy: Group CEO of the Johannesburg Stock Exchange (JSE)
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Valdene Reddy is the CEO of the Johannesburg Stock Exchange (JSE) and one of South Africa’s leading financial markets executives, with over two decades of experience across capital markets, investment banking and market infrastructure. Prior to her appointment as CEO, she served as Director of Capital Markets at the JSE, overseeing the exchange’s equities, bonds, derivatives and currency markets.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Zane Dangor, Director-General at the Department of International Relations and Cooperations
Facilitated by Mandy Wiener: investigative journalists and radio host
The series is a collection of dialogues with high-value speakers hosted by investigative journalists and radio host Mandy Wiener. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Professor Abel Esterhuyse: Stellenbosch University Faculty of Military Science
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Professor Esterhuyse is an A rated South African National Research Foundation scientist specialising in South African security and defence, military and strategic theory, and contemporary conflict.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
23 March 2026 RSG Geldsake: Markte ry wipplank na aankondigings oor die oorlig in die Midde-Ooste
20 March 2026 RSG Geldsake: Die markte sak verder terug en die rand verloor waarde teen die Amerikaanse dolla
Johann Els: Chief Economist at PSG Financial Services
Ronald King: Head of Public Policy & Regulatory Affairs at PSG Financial Services
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Johann Els is a macroeconomist with over 35 years of experience in economic strategy, financial markets and public policy. He holds an MCom in Economics and is highly regarded for his measured insights into South Africa’s economy and the global factors impacting financial markets.
With over 30 years of experience in the financial services industry, Ronald King manages all PSG’s policy and regulatory matters. He is an admitted advocate, chartered tax adviser, fiduciary planner and a certified financial planner. He is also President of the Financial Intermediaries Association of Southern Africa (FIA) Board.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Rudi Dicks: Head of Project Management Office at Presidency
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Rudi Dicks is the Head of the Project Management Office (PMO) in the Private Office of the President of the Republic of South Africa. He leads several strategic national initiative and is at the helm of Operation Vulindlela, a joint initiative of the Presidency and National Treasury aimed at accelerating structural reforms to unlock investment, improve service delivery, and drive inclusive economic growth.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
12 November 2025 Strictly Business: The 5 o’clock Shadow with Schalk Louw – Market Wrap Up
Chris Loewald, Dr Leila Fourie, Fatima Vawda, Malungelo Zilimbola and Francois Gouws
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Capital markets provide businesses access to a large and diverse pool of funds to finance their expansion, innovation and diversification. However, various structural challenges hinder the full potential of capital markets to drive economic growth in SA.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
22 October 2025 Strictly Business: The 5 o’clock Shadow with Schalk Louw – Market Wrap Up
08 October 2025 Strictly Business: The 5 o’clock Shadow with Schalk Louw – Market Wrap Up
Mteto Nyati: ESKOM Chairman
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Mteto is currently the chairman of Eskom and executive chairman of BSG, a business and technology consulting firm. He was CEO of MTN South Africa, as well as Managing Director, Microsoft South Africa. He spent 12 years in IBM, handling various roles in multiple jurisdictions, including Director of Global Technology Services, South Africa.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
17 September 2025 Strictly Business: The 5o’clock Shadow with Schalk Louw – Market Wrap Up
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they look at Mr Price.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
10 September 2025 Strictly Business: The 5o’clock Shadow with Schalk Louw – Market Wrap Up
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they look at Sibanye Stillwater.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
3 September 2025 Strictly Business: The 5o’clock Shadow with Schalk Louw – Market Wrap Up
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they look at four semiconductor companies; ASML Holdings, Nvidia, Intel and Lam Research.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
27 August 2025 Strictly Business: The 5o’clock Shadow with Schalk Louw – Market Wrap Up
In this report, we review Harmony Gold’s most recent released statement on production, grade, and cost guidance for FY25. The information includes:
- Harmony Gold expects to meet FY25 guidance on production, grade, and costs.
- FY25 production expected between 1 400 000 and 1 500 000 ounces (in line with guidance).
- All-in-sustaining costs (AISC) to fall within R1 020 000/kg to R1 100 000/kg guidance range.
- Underground recovered grades will surpass guided 6g/t.
- Total capital expenditure will be slightly below the R10.8 billion guidance.
- Highlights for FY25 include:
- Achieving or beating all guidance metrics for the 10th consecutive year.
- Record interim dividend of R1.4 billion.
- Potential acquisition of MAC Copper in Australia, which would add over 40 000 tonnes of annual copper production (pending conclusion in H2 2025).
- On-time and on-budget completion of Mine Waste Solutions extension project (Phase 1).
- MSCI ESG rating upgraded to BB (from B) in June 2025 due to sustainable mining practices.
Dr Leon Schreiber: Minister of Home Affairs
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Dr Leon Schreiber is the Minister of Home Affairs and a Member of Parliament for the Democratic Alliance. Prior to his appointment as Minister in June 2024, he served as Shadow Minister of Public Service and Administration, as a Whip in the National Assembly, and as Strategy and Communications Advisor to the Leader of the Opposition. He earned his Doctorate in Political Science, magna cum laude, from the Free University of Berlin in 2015, after completing Master’s, Honour’s and Bachelor's degrees in International Studies and Political Science at Stellenbosch University.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Renergen Limited.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Shoprite recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Sipho Mosai: Group Chief Executive of Rand Water
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Sipho Mosai has been Group Chief Executive: Rand Water since 2019. Before that he was Chief Operations Officer, also at Rand Water, for 10 years. He is a scientist by training, a strategist and business leader in the water sector, and boasts over 20 years of executive management and technical experience.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
- In our last report on Naspers and Prosus (in January 2025), we discussed Naspers and Prosus half year FY2025 results. We have since received the full year results as well as some acquisition activity, summarised below. At the beginning of the year Tencent was placed on a “Chinese military companies” list by the US which had a material impact on both Naspers and Prosus’s share prices in January but has since had a strong recovery. Below we summarise the last 6 months for the company:
- In May 2025, Prosus completed the acquisition of Despegar, a leading online travel agency in Latin America, for approximately $1.7 billion, at a 33% premium to the share price at the time. Despegar generated $774 million in revenue for FY24.
- In February 2025, Prosus announced it had made a cash offer of €4.1 billion for global food delivery company, Just Eat Takeaway.com, at a 63% premium to the share price in February. The acceptance of such has been fully recommended by Just Eat’s board and should conclude towards the end of 2025. The company generated $3.8 billion in sales in FY24.
- Prosus full year results had the following highlights:
- Full year revenue came in at $6.2 billion, a 21% increase for the year.
- Adjusted EBIT came in at $179 million, posting a positive full year number for the first time after reporting a loss of $118 million in 2024.
- Profitability was driven by Classifieds and Food Delivery with EBIT figures of $273 million and $218 million respectively.
- Free cash flow positive for the first time, excluding Tencent.
- 100% increase in dividend (€0.2 – R4.12) per share.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
On 20 May 2025, Sasol held a Capital Markets Day, providing a comprehensive update on its corporate strategy, operational performance, emissions reduction roadmap, and financial framework. Some key highlights are:
- Sasol anticipates adjusted its EBITDA to rise from R60 billion to a range of between R64–R71 billion by FY28.
- Cost savings of R10–R15 billion (relative to inflation) are a major contributor to this EBITDA growth, which is targeted for achievement by FY28.
- The company maintains its net debt ceiling target below US$3 billion, reflecting a disciplined financial approach.
- Capital expenditure is set to be reduced by R15–R20 billion compared to previous guidance, underscoring Sasol’s focus on efficiency.
- The Chemicals segment is targeting an EBITDA margin of at least 15% by FY28, with positive cash flow before financing costs projected for FY25. This will result from operational streamlining, the closure or exit of underperforming assets, and a shift from volume-driven to value-driven strategies.
- For mining operations in South Africa, priorities include restoring Secunda production to 7.4 million tons per annum or higher and reducing the oil breakeven price to $50/bbl by FY28 (1H25: just below $60/bbl). Key initiatives include improving coal quality through destoning and X-ray sorting, implementing real-time coal quality testing, and delivering sustainable cost reductions of R8–R10 billion by FY28.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Barbara Creecy: Minister of Transport
Facilitated by Alishia Seckam: Broadcast and financial journalist.
In July 2024 Ms Barbara Creecy was appointed as the Minister of Transport in the new Government of National Unity. Ms Creecy served as the Minister of Forestry, Fisheries and the Environment between 2019 and 2024. In November 2019, Ms Creecy was also elected as the President of the African Ministerial Conference on the Environment (AMCEN).
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Aspen. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed British American Tobacco. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Renergen.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Dr Frans Cronje: Director of DNA Economics
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Dr Frans Cronje is an analyst with 20 years of experience advising corporations and government agencies on South African and global strategic risks. He runs an advisory firm, chairs South Africa’s Social Research Foundation, sits on the advisory board of the BRE-DE-RE think-tank in Germany, and chairs the US based Yorktown Foundation for Freedom.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
In this report, we review Harmony Gold’s interim results for the period ended 31 December 2024, released in March 2025, alongside the current global macroeconomic environment.
Financial:
- Gold revenue increased from R29 705 million to R35 447 million, an increase of 19% over the period.
- Headline earnings per share increased by 33% to 1 270 cents in 1H25, up from 956 cents in 1H24.
- An interim dividend of 227 cents was reported for 1H25.
- AISC increased by 20% from $1 403/oz (R843 043/kg) to $1 686/oz (R972 261/kg) mainly due to inflationary cost increases in operations and lower production numbers. The AISC remains well within the guidance provided by management, as outlined below.
- The average gold price received improved by 28% to $2 437/oz during the period.
Our team of skilled analysts recently reviewed their Redefine recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Nedbank recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Matthew Stern: Director of DNA Economics
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Matthew Stern is the founder of DNA Economics and is currently the head of the company’s Trade and Investment Practice. He has previously worked for First National Bank, the South African Department of Trade and Industry, the National Treasury of South Africa and the World Bank. He has led multiple projects for the SADC, SACU and AfCFTA Secretariats and the African Union Commission, and has undertaken assessments for business and government departments in South Africa on the impact of trade agreements, tariff adjustments and industrial incentives.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed PPC. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Standard Bank recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Old Mutual recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Aspen recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Mr Christopher Axelson: Acting Deputy Director General: Tax and Financial Sector Policy
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Mr Christopher Axelson, Deputy Director at National Treasury and Acting Head of Tax and Financial Sector Policy, will provide an in-depth analysis of the budget speech delivered by the Minister of Finance on 12 March. He will cover key changes, the main drivers of growth and infrastructure development, and the budget’s impact on the South African economy.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Sasol recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
The recent transaction and events from Sibanye Stillwater:
- The long-term platinum price is expected to range between $900 and $1 100 due to an increasing demand for Electric Vehicles (EVs) making up a larger percentage of global car sales.
- Lower prices Platinum Group Metals will reduce supply, supporting prices.
- The ZAR platinum price has shown consistent growth over the long term, indicating a favourable price trend that is likely to support local PGM producers.
- The intrinsic value is R23.23 with a 36% upside but Sibanye remains a HOLD because of the following risks and recent events:
A probability of 35% that the platinum price will decline to unsustainable operating levels, resulting from:
- A strong uptick in EV demand resulting in an increased share of total sales.
- The Russia-Ukraine war ending, leading to reduced sanctions on Russia, and increased Russian PGMs reaching the open market.
- Tariff war on car imports and exports.
- Higher than anticipated inflation leading to higher interest rates.
- Reduced jewellery demand with global growth under pressure with more cost-effective alternatives.
- After two years of declining cigarette volumes, the revocation of the menthol ban should mitigate declining volumes, although negative volumes are still expected.
- Key points in the investment thesis are:
- Management states that illicit vapour in the US account for 60% of sales. The FDA is moving too slowly at the frustration of management. Aim for 50% smoke-free products by 2035.
- US cigarette sales surprised on the downside with volumes down in the low teens single digits in the past 18 months. This was against the expectation of 3-5%. Going forward it is expected at low single digits, and the revocation of the menthol ban should help.
- £900m in share buybacks expected in FY25. Net Debt/EBITDA expected to be below 2.5x upon results on 13 February which should prompt additional buyback plans.
- NGPs still growing strongly and have turned to a profit, and BATS has the highest market share in bo
Justice Malala: Renowned South African political journalist, commentator and best-selling author
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Justice Malala is a political analyst, best-selling author, newspaper columnist, media entrepreneur, talk-show host and public speaker. He is regarded as one of Africa’s most prominent independent political voices with a reputation for a fearless brand of journalism.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
•This is the pre-eminent food retailer in South Africa, with the best margins and the most effective management, but its sheer size limits the potential for above industry growth (even market share gains will become limited) and its valuation is full.
•Key points in the investment thesis are:
a.Group revenue growth of 9.5%, however, this was mainly driven by acquisitions as like-for-like revenue growth was 6.3%. Internal selling price inflation of 1.9% implies an increase in like-for-like volume growth.
b.The impact of loadshedding is improving as the company adapts, as well as a reduction in loadshedding hours. FY24 had approximately R1bn in loadshedding costs and this is expected to decrease substantially in FY25 if the utility continues its current path.
c.Supermarkets RSA opened a net 248 stores over the past 12 months to a total of 2 485 stores.
d.Shoprite’s internal price inflation was 1.9% for H1 FY25 compared to H1 FY24 7.7%. Shoprite still maintains strong margins and creates space for volume growth on top of expanding their store footprint.
Our research supports a hold recommendation. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Listen to Wealth CIO, Adriaan Pask as he summarises the SONA of last night where President Cyril Ramaphosa spoke about international relations, growth reforms and crime.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Naspers and Prosus half-year results for FY25. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their MTN recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Teboho Nthoana: 2024 PSG Think Big SA competition winner
Facilitated by Alishia Seckam: Broadcast and financial journalist.
As a township entrepreneur, Teboho, who holds a Master's degree and currently pursuing his PhD, has experienced firsthand the challenges of township small businesses and is determined to use his journey to inspire others and promote inclusive economic growth.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Redefine recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Sasol recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Dr Larry Hatheway: Economist
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Dr Larry Hatheway, founder of HarborAdvisors, LLC is an economist and multi-asset investment professional. Previously Chief Economist and Head of Global Asset Allocation Group at UBS Investment Bank, Chief Economist and Global Head of Investment Solutions at GAM Investments and adjunct professor at Fairfield University’s Dolan School of Business and the University of Wyoming’s College of Business.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Capitec.
Our team of skilled analysts recently reviewed their British American Tobacco recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
On 13 September 2024, FirstRand released its full-year results for 2024. Highlights from the results were as follows:
- Headline earnings grew by 4% to R38 billion, with revenue (+9%) rising less than operating costs (+11%).
- Net interest income increased by 9%.
- Average interest earnings assets grew by 9% with increases in RMB CIB advances by 10%.
- Net interest margin was flat at 4.47%.
- Non-interest revenue increased by 8%, with net commission and fee income increasing 5% to R38 billion driven both customer acquisition and transactional volume growth and an increase in the share of profit of associates and joint ventures.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Harmony Gold released its FY24 results for the year ended 30 June 2024. In this report, we discuss the key takeaways from the results and update our valuation.
Since our last report, Harmony is up roughly by 8% and the gold price is up about 9%. Highlights from the results include the following:
- Group production increased by 6% to 1.56moz, driven by higher grades at Mponeng, Hidden Valley and Mine Waste Solutions.
- Group revenue increased by 25% to R6.31 billion, driven by higher production, higher grades and a higher average gold price
- Harmony ended the period with net cash of R2.9 billion
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Since SA's Government of National Unity came into effect the rand has retained its strength and major stocks on the JSE are making impressive gains. Is this early economic enthusiasm a temporary surge, reminiscent of “Ramaphoria”? Or is it indicative of lasting and meaningful change? Adriaan Pask, chief investment officer at PSG Wealth, shares his views in this informative podcast.
This podcast/video/article was first published on Businessday.com on August 2024.
Analysing past events can provide helpful clues for investors on how to successfully navigate the unpredictable technology sector, says PSG Wealth’s Adriaan Pask.
This podcast/video/article was first published on Businessday.com on July 2024.
Nirdev Desai, head of sales at PSG Wealth, explains the difference between saving and investing, and shares lessons to be learnt from successful savers, which can be replicated to help you achieve your financial goals.
This podcast/video/article was first published on Businessday.com on June 2024.
The JSE has witnessed a significant decrease in listings in recent years, dropping to only 284 at the end of 2023. PSG Wealth’s Adriaan Pask explains what’s causing this trend and how it will affect investors.
This podcast/video/article was first published on Businessday.com on May 2024.
Adriaan Pask, chief investment officer of PSG Wealth, provides an update on how the markets have fared so far in 2024, and what investors can expect from the rest of the year.
This podcast/video/article was first published on Businessday.com on April 2024.
Adriaan Pask, chief investment officer of PSG Wealth, explains the investment strategy behind low-risk investment products and why they’re an important part of a holistic portfolio.
This podcast/video/article was first published on Businessday.com on February 2024.
Elections and interest rate cuts are two of the key themes driving investment decisions in 2024, but what else should investors expect from a markets perspective? PSG Wealth's chief investment officer Adriaan Pask shares his views in this informative podcast.
This podcast/video/article was first published on Businessday.com/ on February 2024.
Nirdev Desai, head of sales at PSG Wealth, discusses different factors that can shape your relationship with money, for better or worse. He also pinpoints the lessons to be learnt from the healthy financial behaviours of successful high-net-worth individuals, which can be replicated to help you achieve your financial goals.
This podcast was first published on Businessday.com on {Date} - January 2024.
‘I think where we sit in relation to our emerging market peers, we look like a far more obvious option than we would have a couple of months ago’ – PSG Wealth’s Adriaan Pask.
Looks like a tech bubble is around the corner again, says Adriaan Pask from PSG Wealth.
Investors should reflect on what’s available to them because they don’t want to be too rand-exposed, and their portfolio should be able to weather the shocks; those global events and national events’ – Wendy Myers, head of securities at PSG Wealth.
Adriaan Pask, chief investment officer at PSG Wealth, outlines the reasons behind the reversal and explains that diversification nevertheless remains crucial.
When the election passes, at roughly the same time we expect that energy supply will start to improve, which may spark some interest from foreign investors – PSG Wealth CIO, Adriaan Pask.
Inflation, counterparty, and liquidity risks are just a few that investors need to be aware of: Adriaan Pask, CIO – PSG Wealth.
Among the main drivers of volatility to watch out for this year are the outcomes of myriad global elections, so hang tight and be positive: Adriaan Pask from PSG Wealth.
If the JSE comes off quite a depleted base, it certainly can be a key tool for you to achieve your financial goals.
Dr Leila Fourie: Group CEO: JSE
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Dr Fourie was appointed as Group CEO of the Johannesburg Stock Exchange effective 1 October 2019. She also held the role of inaugural Co-chair for the United Nations Global Investors for Sustainable Development convened by the UN Secretary General, from 2019. With over 30 years of international experience, primarily in financial services, Leila Fourie has served on multiple boards and held senior roles in banking, capital markets and payments.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
- Since our last report in June 2024, the share price has increased by 18% from R3.8 to R4.5.
- Although the upside to our intrinsic value has decreased, we maintain our buy recommendation due to our view that there should be a further outperformance indicating an upside as high as 15% in our bull case.
- Since then, there hasn’t been any significant new information prompting a change in our intrinsic value or change in recommendation.
- Bond yields, however, have decreased from 11.75% to 10.71% in line with our expectations of yield level depression towards the long-term average of 9.50%.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our last report in May covered the 1Q24 sales and operating update for Sibanye.
We highlighted balance sheet concerns and noted that the group was engaging with lenders to increase debt covenants. The following events have taken place since:
- Sibanye released a trading statement on 2 September 2024 indicating that EPS were expected to decline by more than 100% and HEPS expected to decline between 97% and 98%.
- Sibanye’s lenders have agreed to raise the net debt to adjusted EITDA debt covenant from 2.5x.
- Sibanye concluded Section 189 consultations for its SA region.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
On 6 August 2024, Nedbank released its 1H24 results which were characterised by:
- Headline earnings increased 8% driven by non-interest revenue growth and lower impairments. However, total comprehensive income (which includes other comprehensive income) for the period declined by 26% as the share of losses in other comprehensive income from investments using the equity method (Ecobank investment) increased from R348 million to R1 117 million.
- Net interest income increased 2% driven by daily average interest-earning banking assets increasing 3%. The net interest margin decreased from 418 basis points to 413 basis points driven by pricing.
- Non-interest revenue increased by 7% driven by net commission and fee income increasing by 8% and net trading income increasing by 14%.
- Expenses increased by 8% due to staff costs increasing 8% due to 5% average annual increases and more expensive mix of employees.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their PPC recommendation. Listen to this recording to find out which factors they considered to reach their hold recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Adv. Michelle Phillips: Group CEO: Transnet
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Adv. Michelle Phillips is the current Group Chief Executive of Transnet SOC Ltd and was appointed into this role effective 01 March 2024. She has 24 years’ experience in Transnet with a proven track record in business and operations improvement, especially in the port environment.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Nedbank recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their MTN recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
This report highlights that PPC declares its first dividend in nine years as the cement producer returns to profitability.
- Management’s shake-up with the new group CEO Matias Cardarelli has strengthened the Executive Committee (Exco) with several new roles to improve the profitability and sustainable return on capital in South Africa.
- International businesses were resilient, but South Africa and Botswana are experiencing challenges in a competitive market.
- PPC declares a dividend of 13.7 cents per share
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Justice Malala: Political Analyst
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Justice Malala is a best-selling author, political analyst, newspaper columnist, media entrepreneur, talk-show host, and public speaker. As columnist on major publications in SA and as anchor of a major political talk show, Malala is a voice to which South Africa turns for his popular briefings on the intersection of politics, power, and the economy.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their British American Tobacco recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Redefine recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Renergen.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Moeletsi Mbeki: Political Analyst
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Moeletsi Mbeki is a political analyst, author, and an entrepreneur. He is the Chairperson of The South African Institute of International Affairs (SAIIA) based at the University of the Witwatersrand advancing a well-governed, peaceful, economically sustainable, and globally engaged Africa. Mbeki also served as council member of the International Institute for Strategic Studies (IISS) based in London. He was a rated political analyst for BOE and Nedbank.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Old Mutual recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Sibanye update for the quarter ending 31 March 2024 released in May 2024. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their SA Banks recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed PPC full year results for FY24 released in March 2024. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their MTN recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Capitec full year results for FY24 released in March 2024. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Aspen first-half results for FY24 released in March 2024. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Sanusha Naidu: Foreign Policy Analyst
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Sanusha Naidu is a foreign policy analyst. She has a Masters in International Relations from the University of Staffordshire, United Kingdom. She has previously worked at the Centre for Conflict Resolution based in Cape Town and managed the South African Foreign Policy Initiative (SAFPI) at the Open Society Foundation for South Africa and is a regular media commentator on national and international issues for major news agencies including Al-jazeera News, CCTV, BBC Radio, SABC, and CBS Africa.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Aspen first-half results for FY24 released on 4 March 2024. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
CFO Mike Smith talks about our results for the year ended 28 February 2022. Our full annual results are available at https://www.psg.co.za/investor-relations/overview or watch the video https://youtu.be/oyHsx70aLSg
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Impala Platinum first-half results for FY24 released in March 2024. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their FirstRand recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Shoprite first-half results for FY24 released on 5 March 2024. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Geordin Hill-Lewis: Executive Mayor of Cape Town
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Geordin Hill-Lewis, 37, is Cape Town's youngest Mayor, with degrees in Politics, Philosophy, and Economics from UCT, and a Masters in Finance specialising in Economic Policy from London University. Since 2011, he's been a Member of Parliament, notably as the youngest MP at 24, holding portfolios in Trade and Industry and Finance.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Harmony.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Sasol recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed BAT first-half results for FY23 released on 26 February 2024. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for PPC.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Renergen first-half results for FY23 released on 13 February 2024. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Redefine Properties.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Richemont recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Ninety One first-half results for FY23 released on 23 January 2024. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Sibanye Stillwater.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Dr Duncan Pieterse: Director-General of the National Treasury of South Africa
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Dr Duncan Pieterse has been appointed as the Director-General as from 1 September 2023, having served in various positions in the National Treasury over the past 10 years, including as the Deputy Director-General: Economic Policy and later Deputy Director-General: Asset and Liability Management.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their BATS recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed MTN first-half results for FY23 released on 14 December 2023. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Naspers,
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for PPC.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Sibanye Stillwater first-half results for FY23 released on 29 November 2023. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Aspen recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Renegen.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for US Banks.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Capitec recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Adrian Gore: Founder & Chief Executive at Discovery Limited
Facilitated by Alishia Seckam, Broadcast and financial journalist and Adriaan Pask - Chief Investment Officer at PSG Wealth.
The NHI in South Africa brings about a lot of debate – it is intended to benefit all South Africans under the constitution – but is the current proposal realistic? Join Adrian Gore as he discusses how it will impact medical aids and the members they currently serve. Is the future of healthcare and medical aids in South Africa changing?
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Disney recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Redefine first-half results for FY23 released on 26 October 2023. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Harmony.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Old Mutual recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Shoprite first-half results for FY23 released on 6 October 2023. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Lesetja Kganyago: Governor of the South African Reserve BankFacilitated by Alishia Seckam: Broadcast and financial journalist.In this special edition of PSG Think Big series the SARB governor LKJ will provide insight into the South African economy, the impact of the monetary policy as well as the opportunity that exist within it. This will be an open forum where the public can ask him questions live via the digital stream on the day.The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.https://www.psg.co.za/news-and-publications/events-and-webinarsThe opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for FirstRand.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their Sasol recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed MTN first-half results for FY23 released on 14 September 2023. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Standard Bank first-half results for FY23 released on 31 August 2023. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Caterpillar.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their SA PGMs recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their BAT recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Ndumi Hadebe: Published author and Leadership Coach.Facilitated by Alishia Seckam: Broadcast and financial journalist.Author of Handle Black Tax Like a Pro – Setting Boundaries, Improving Relationships and Achieving Freedom, entrepreneur Ndumi Hadebe has more than a decade of corporate experience consulting as a capacity development expert for world renowned brands such Deloitte, Ernst & Young, Nordex SA, Sasfin Bank, University of Johannesburg and Bureau Veritas Zambia. The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.https://www.psg.co.za/news-and-publications/events-and-webinarsThe opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.Feel free to reach out to PSG Wealth adviser Dawie Klopper CFP ® directly.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Old Mutual.The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Aspen's first-half results for FY23 released on 2 Marcg 2023. Based on their analysis, they have issued a hold recommendation for this share. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and PSG Financial Services does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Busisiwe Mavuso: Chief Executive Officer at Business Leadership South Africa (BLSA)Facilitated by Alishia Seckam: Broadcast and financial journalist.Busisiwe Mavuso is the Chief Executive Officer at Business Leadership South Africa (BLSA), Business Unity South Africa (BUSA) and Resultant Finance (a PIC investee company).The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.https://www.psg.co.za/news-and-publications/events-and-webinarsPSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Wandile Sihlobo: Chief Economist of the Agricultural Business Chamber of South Africa (Agbiz)Facilitated by Alishia Seckam: Broadcast and financial journalist.For all the talk, we still have not unlocked the country’s true agricultural potential. How have agricultural reforms and government programmes aided (or failed to aid) the sector’s progress so far? What are the factors standing in the way of maximising South Africa’s agricultural success?The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.https://www.psg.co.za/news-and-publications/events-and-webinarsPSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Daniel Mminele: outgoing Alexforbes Chair and Nedbank Chairman-DesignateFacilitated by Alishia Seckam: Broadcast and financial journalist.South Africa’s financial sector is generally well regarded and perceived by many asoperating at the highest global standards. Nonetheless, there are many challenges toits credibility, including questions around the South African Reserve Bank’s mandateand the impact of greylisting on our financial sector.The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.https://www.psg.co.za/news-and-publications/events-and-webinarsPSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Lord Peter Hain: Member of the House of Lords of the United KingdomFacilitated by Alishia Seckam: Broadcast and financial journalist.Are the years of state capture behind us, and can we look forward to a corruption-free future? Arguably, South Africans are running out of patience and want to see signs of progress. Are we finally witnessing a general and personal ‘push back’ against corruption in and by the SA government, or are we not quite there yet?The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.https://www.psg.co.za/news-and-publications/events-and-webinarsPSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Edward Kieswetter: Commissioner of the South African Revenue Service
Facilitated by Alishia Seckam: Broadcast and financial journalist.
SARS has emerged from the shadows of state capture allegations, and now the institution seems to be on the front foot. What lies ahead for SARS? Our discussion ranges from the use of AI in taxpayer profiling to international collaboration when it comes to South African taxpayers’ obligations.
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Michael Jordaan: Founder & CEO of Montegray Capital
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Michael Jordaan has left behind some big footprints in the SA banking sector. But looking ahead, in the context of an increasing focus on crypto and blockchain, what are the next challenges in the digital adoptions race?
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Fleetwood Grobler: President and CEO of Sasol
Facilitated by Alishia Seckam: Broadcast and financial journalist.
South Africa is looking to become a major producer of green hydrogen, not only to aid its decarbonisation efforts but also to boost local economic growth and employment. But what does the future of green hydrogen look like, how is it contributing to Sasol’s greenhouse gas reduction pathway and how is Sasol supporting SA’s green hydrogen vision?
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Kuben Naidoo: Deputy governor of the South African Reserve Bank
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Who regulates crypto currency trading and when will we have a clear regulatory regime for the use of crypto currencies in South Africa? What is the SARBs stance on çentral bank digital currency (CBDC) adoption?
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Future of youth employment: PSG Think Big Series
Cas Coovadia: Chairperson of the National Business Initiative, council member of Wits University, board member of the Centre for Development and Enterprise, non-executive director Yes4Youth
Facilitated by Alishia Seckam: Broadcast and financial journalist.
South Africa’s youth unemployment rate is in excess of 66% and urgently needs to be addressed. What are the challenges when it comes to creating youth employment and what have we learnt from the Yes4Youth initiative?
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Pierre de Vos: Claude Leon Foundation Chair in Constitutional Governance, and head of the Department of Public Law at the University of Cape Town Law Faculty
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Education is recognised as being so important to the future of our youth, that it is also enshrined as a right in the constitution. Why is education viewed as a game changer for the youth, and how are we rising to the challenge?
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their sell recommendation for Tesla.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their recommendation for Sibanye. Listen to this recording to find out which factors they considered to reach their hold recommendation.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Pfizer:
For our latest Event Impact Assessment, our team of skilled analysts reviewed Pfizer 1Q22 results on 3 May 2022. Based on their analysis, they have issued a buy recommendation for this share. Click here to find out more.
Johnson & Johnson:
Our team of skilled analysts recently reviewed their recommendation for Johnson & Johnson. Listen to this recording to find out which factors they considered to reach their hold recommendation.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Meta Platforms:
Our team of skilled analysts recently reviewed their recommendation for Meta Platforms, previously known as Facebook. Listen to this recording to find out which factors they considered to reach their hold recommendation.
Apple:
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their hold recommendation for Apple.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Andrew Donaldson: Senior Research Associate, Southern Africa Labour and Development Research Unit, School of Economics, University of Cape Town
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Even before the Covid-19 pandemic, a chronically high unemployment rate was arguably one of South Africa’s biggest challenges. Now that the pandemic seems to normalising, what is path forward for job creation in South Africa?
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big Series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Alphabet Inc is an American multinational technology conglomerate holding company and Google's parent company.
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The group released 1Q22 results on 26 April 2022 for FY22.
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The market reacted adversely as the earnings came in slightly below expectations.
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We have an intrinsic value for Alphabet of $2 540; however, we place more emphasis on the negatively skewed risk-reward profile, which leads us to a sell recommendation on the counter.
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Amazon.com is an American multinational technology company focused on e-commerce, cloud computing, digital streaming, and artificial intelligence.
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The group released its 1Q22 results on 28 April 2022 for FY22.
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The results mostly missed expectations.
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We have an intrinsic value of $3 111; however, we are more focused on the negatively skewed risk-reward profile, which leads us to maintain our sell recommendation on Amazon.
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For more information about this counter, please contact your PSG Wealth adviser.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
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Microsoft is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services.
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The group released 3Q22 results on 26 April 2022.
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Revenue increased by 18.4% to $49.4 billion.
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Operating profit grew by 19.4% to $20.4 billion, with an operating margin flat at 41.3%.
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Russian revenue is less than 1% of Microsoft’s revenue (-$0.01 impact on EPS).
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Management notes that the drive to automate business processes is strong, even in a potential slowdown, given the cost benefits.
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Microsoft is one of the best among the big tech peers.
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However, our valuation suggests Microsoft is fully valued at current levels, and thus, recommend a hold position.
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For more information about this counter, please contact your PSG Wealth adviser.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their recommendation for Qualcomm. Listen to this recording to find out which factors they considered to reach their buy recommendation.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their INTEL recommendation. Listen to this recording to find out which factors they considered to reach their buy recommendation.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
For our latest Event Impact Assessment, our team of skilled analysts reviewed Shoprite Holdings first-half results for FY22 released on 8 March 2022. Based on their analysis, they have issued a hold recommendation for this share. Click here to find out more.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Kering is a French-based multinational corporation specialising in luxury goods and owns Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent. Despite the company's mature profile, Kering has significant revenue potential due to ongoing Chinese market penetration, allowing for organic growth. An intrinsic value of €767.99 implies an upside of 15.6%. Our recommendation is to buy.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
PSG Wealth has a team of skilled analysts who produce regular research on the companies in our universe. In this recording they outline the reasons for their buy recommendation for Mr Price Group.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Our team of skilled analysts recently reviewed their recommendation for MTN. Listen to this recording to find out which factors they considered to reach their buy recommendation.
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
The series is a collection of dialogues with high-value speakers hosted by award-winning financial journalist Bruce Whitfield and top PSG executives.
In this episode Hugo Pienaar discusses the future of the South African economy. Things always seem to be balanced on a knife’s edge. Hugo is Chief Economist at the BER, and well positioned to help us look ahead, into the future of South Africa’s economic landscape.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
The series is a collection of dialogues with high-value speakers hosted by award-winning financial journalist Bruce Whitfield and top PSG executives.
In this episode Anthony Leeming discusses discusses the tourism and hospitality sector and the impact of the Covid-19 pandemic on this industry. Anthony talks about how Sun International has weathered the storm and the upcoming challenges facing the tourism and hospitality sector.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
The series is a collection of dialogues with high-value speakers hosted by award-winning financial journalist Bruce Whitfield and top PSG executives.
In this episode Jannie Durand, Chief Executive Officer at Remgro Limited discusses the future of South African business and opportunity.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
The series is a collection of dialogues with high-value speakers hosted by award-winning financial journalist Bruce Whitfield and top PSG executives.
In this episode Professor Mcebisi Ndletyana discusses the upcoming elections. South African politics remain as contentious, eventful and challenging as ever. What is the future of the South African political landscape, and has the Covid-pandemic hurt or helped President Ramaphosa?
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728
The series is a collection of dialogues with high-value speakers hosted by award-winning financial journalist Bruce Whitfield and top PSG executives.
In this episode Tandi Nzimande discusses the inception of the Solidarity Fund and the consolidated response to the Covid-19 pandemic. More than a year into the pandemic, we realise there are more challenges than ever facing South Africa. What comes next for the Solidarity Fund?
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Ralph Mupita: President and CEO of MTN Group
Facilitated by Bruce Whitfield: Award-winning Financial Journalist
How is MTN preparing for the future of mobile telecommunications, and where is the company heading next? How far are we from 5G – and what are the opportunities?
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in the Think Big Series videos, podcasts or communications are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
CFO Mike Smith talks about our results for the year ended 28 February 2022. Our full annual results are available at https://www.psg.co.za/investor-relations/overview or watch the video https://youtu.be/w4F55bHY1rc
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Daniel Silke: Independent political analyst and keynote speaker.
Facilitated by Alishia Seckam, Broadcast and financial journalist and Adriaan Pask - Chief Investment Officer at PSG Wealth.
So many factors exacerbate international security and economic concerns. The potential for further military escalation is real. Daniel explains where we are now with the disruption and the future of the geopolitical landscape.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
Michael Sachs: Adjunct Professor at the Southern Centre for Inequality Studies at the University of the Witwatersrand.
Facilitated by Alishia Seckam: Broadcast and financial journalist.
Michael is a respected economist focusing on economics, public policy and politics in South Africa. How does a basic income grant fit into the country’s economic future?
The series is a collection of dialogues with high-value speakers hosted by broadcast and financial journalist Alishia Seckam. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.
https://www.psg.co.za/news-and-publications/events-and-webinars
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency. These values are encapsulated in the group's core business principles. The opinions expressed in these podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.
28 years and counting since South Africa officially became a democracy – and yet our economic challenges seem to loom as large as ever. What is the future of economic policy in South Africa – and more importantly, what should it be?
Prof Bonang Mohale: Chancellor of the University of the Free State
Abigail Munsami: Manager, Public Policy and Regulatory Affairs, PSG
PSG's advice focused business is founded on personal service, lifelong relationships with clients, integrity, trust and transparency.
These values are encapsulated in the group's core business principles. The opinions expressed in this podcasts are the opinions of the series and not necessarily those of PSG. The information in these podcasts is provided as general information. It does
not constitute financial, tax, legal or investment advice and the PSG Konsult Group of Companies does not guarantee its suitability or potential value. Since individual needs and risk profiles differ, we suggest you consult your qualified financial adviser, if needed. PSG Wealth Financial Planning (Pty) Ltd is an authorised financial services provider. FSP 728.